There are certain dangers in existing leases with existing tenants when you are contemplating the purchase of a rental or single family home (SFH) property. While the majority of investors buy single family homes to wholesale, rehab or wholetail, many other investors look at an income stream from a property as their goal.

In a purchase of a property without a tenant in the property, the closing is straightforward. The taxes are accrued through the closing date and any other prorations are settled at the closing. However, in the closing of properties that have tenants, other considerations become very important.

The first is any deposit the tenant has with the former owner. These deposits are usually required to be placed in a separate escrow account. Some states, counties and cities are very strict about the escrowing of these funds. New landlords often use the lease deposits of the tenants as part of their operating capital and assume when the tenant leaves, they will have the funds available. The fact that a few landlords never intend to refund deposits has caused all landlords to have to be penalized by well-meaning legislators with restrictive escrow laws.

The second issue is the lease the former owner had with the tenant in the property. Some of the more important terms of these leases include the amount of rent, when and how the rent is paid, the length of the lease, reasons for eviction, sub-lease provisions, cure periods for violations of the lease and renewable terms. Very important are the specific terms for the return of a tenant’s deposit because of the implications when the lease ends with the new owner and the tenant leaves.

The importance of reading and confirming every tenant lease before the closing is very important. If a tenant does not have a lease, he is potentially a squatter and may have to be removed by court order. Court-ordered eviction without a lease can be a lengthy and always an expensive process.

Often a seller of an income property will tell a perspective buyer that the rents can be increased above what they are with the current tenants. This may or may not be true, depending on rent controls, the terms of the tenant’s lease, competition in the local area for tenants, and the condition or location of the property. Do not assume that rent increases can be made automatically with new tenants.

The most onerous issue with existing tenants is those with low rents and long leases. These so called “sweetheart” leases can be between the landlord and a relative, or friend but the new buyer must abide by these existing leases until they expire or the tenant is evicted for cause. These sweetheart leases are sometimes re-leased (sub-leased) to other tenants and the differential amount is a profit to the former tenant.

One way to stop these existing sweetheart leases is a buy-out by the landlord. This may sound expensive but do the math on how much you are …

Are foreigners allowed real estate finance in Thailand? Can foreigners in Thailand borrow money to buy a villa or condo?

Are you looking to buy a villa, condo or different property in Thailand? And are you in need of finance? Then scan this report with all you need to know concerning property finance for foreigners in the Land of Smiles.

Property financing for foreigners in Thailand is possible nowadays. But within the past foreigners typically could not acquire a mortgage from local Thai banks to finance their dream condo or beachfront pool villa since most of the money establishments in Thailand solely provided finance for property purchases to Thai nationals and Thai Corporations.

But things changed in 2005 after I saw Bangkok Bank PLC offerering loans to foreigners in their Singapore branch and once more in 2008 when I witnessed Bangkok Bank finally issued foreign loans via their Thailand primarily based branches virtually like we see it in our home countries.

Within the past mortgage lending by native banks to non-thai-nationals was just about extraordinary in Thailand, but lately I actually have seen a considerable amendment in policies to permit foreigners limited access to financing.

Initially this was launched by the Thai government’s eagerness to increase tourism and to stimulate economic development in Thailand.

When we want to purchase a property in our home country, one of the main things we consider is financing.

Whether or not you have adequate funding and liquidity to purchase, financing is largely seen as a way of smoothing our investments.

For people with less access to funding, financing is a very important vehicle they use to own that home of their dreams.

Thailand do not differ from any other country in this instance since most of the banks (but not all of them) in Thailand give loans for real estate purchases to native Thais and Thai firms primarily based on similar criteria we are used to in our home countries.

But for foreigners the similarities do finish here when buying property in Thailand!

Some Thai banks do offer mortgage services to foreigners but they impose quite strict terms and conditions for the foreigner to qualify.

One overall important condition is that the property has got to be owned in the foreigner’s own name and hence the property should be registered as a condo under the Condominium Act because foreigners are not allowed owning other sorts of properties in Thailand.

Also the buyer must pay minimum 30% down with the remainder 70% financed over 3 to 20 years, depending on the age of the borrower.

You can only borrow money in the bank if you are less than 65 years old – and the mortgage must be paid back in full when you turn 65 years old. So if you are say 55 years old today you can borrow the money for 10 years.

Bangkok Bank PLC was the first financial institution in Singapore to provide this kind of financing services to foreigners. But in …

Millions of Real Estate transactions happen on daily basis and it is important for buyers to protect themselves in as many ways they can. One of the simplest is to hire a home inspector. Home inspection offers both the immediate and long term benefits to the buyer. It can also be beneficial for the seller as it can avoid deal-breakers. If the issues and problems can be resolved before being identified by a potential buyer the seller has more chances in getting their asking price. In general, it’s worthwhile to get the inspection done for both, sellers and buyers.

The buyer gets benefits in several ways.As the buyers invest a sizable chunk of money to buy a home it is important to identify any deficiencies that may cost extra money and stress, an inspection by a qualified third-party will disclose the facts. All the serious, major and minor defects are revealed. In some cases there may be some critical structural defects that may be as good as rebuilding the house. Or, the defects may eat away a lot of money and time to rectify them. They may not be able to use the house at all till those are taken care of. There can be some problems related to the safety of occupants, which are to be removed before moving in.

Another benefit inspection offers are that the buyer can get quotes for needed repairs and uses them to negotiate the price with the seller. Moreover, a home inspection eliminates buyer’s remorse about the problems later on.

The home inspector will check and report about ins and outs of the property, areas like basement, structural, construction and safety issues, condition of the roof, and electrical, water lines and heating, air conditioning or ventilation systems. That will ensure to the buyer what all needs attention to repair or replace and he can get the quotes for evaluating the costs involved and the buyers can plan what should be done when and make their budget.

When it comes to disadvantages of hiring an inspector, there isn’t really anything major, except incurring some expenses for inspection. The cost is small in comparison to saving that can be achieved. Of course a qualified and in-depth inspection is key here.

A seller also benefits from a home inspection as he/she can avoid problems later on. Before listing the house for sale, a home inspection will help the seller to recognize the potential problems with the home and they can be addressed before showing the property to buyers. Multiple quotes fir repairs can be obtained and a proper job done as oppose to making urgent repairs 2 weeks before closing. This cant cost a fortune.

Most importantly, all issues and problems resolved before the buyer shows up. If a seller is not ready to allow inspection, and is firm on the price as is, the likelihood of a fast sale or a sale at all is very small.

One of the most common questions people ask themselves when it comes to selling their house is how much value is there when it comes down to it. You will find that this is something that commonly happens when homeowners decide sell their house by themselves instead of hiring an agent in order to save some money. You need to be careful however, because if you happen to sell your house at the wrong price then you may end up regretting the decision for the rest of your life.

One of the things you will find when it comes to this is that you no longer need the services of an agent these days in order for you to determine the value of your home. Among the things you will find nowadays is that the internet offers a lot of websites that will be able to help you determine the value of your house without making you go through so much trouble.

You will find that the internet will even allow you to get a “For sale” sign and you don’t even have to pay for it. Being able to get a seller’s pack is also among the best things you can get over the internet. The pack will be able to tell you how to find the price of your home and it will also be able to tell you how you can sell it in the most effective manner.

You will find that there are also websites that allow you to do postcode searches. In determining the worth of your property, you will simply have to answer several questions regarding its size as well as the condition of the house and you will be able to get instant results in determining its value.

It may be necessary for you to find a professional appraiser if you are really insistent on selling the house by without the help of an agent. When it comes to checking whether it is necessary for you to make repairs or not, they will be able to help you with it. These details are important because they will help you when it comes to the negotiation part and they will also help you to sell your house.

Now, this is something where you are going to have to pay special attention to. In order to avoid not being able to sell your house for a long period of time, you need to make sure that you start doing positive actions as early as now. You can also check out other related articles for more information.

Your house is one of the biggest investments you will ever make in your life. This is why it is only right that we take good care of it. One way to do this is to make sure that we have high quality rain gutters.

Gutters come in a wide array of designs, brands, and materials. Out of all the materials available, it is advisable that you go for copper gutters. Listed below are some reasons why.

1. They look good on your home.

Copper gutters will look elegant and beautiful on your home. This will definitely set your home apart from the other houses in your neighborhood.

2. This material is very tough and strong.

A good copper rainwater system can easily withstand harsh weather conditions. And in addition to this, rusting and rotting will never be your problem. This means that every dollar you pay for these gutters are worth it because they are almost maintenance-free.

3. Moss and lichens will never be your problem.

Aside from the fact that copper gutters are corrosion-resistant, they are also excellent fungicides. This means that you don’t have to worry about moss or even lichens from building up.

When planning to invest on copper gutters, you have to consider shopping online. Now that we are already living in the digital age, there are plenty of merchants and manufacturers online that are selling high quality copper rainwater system for homes and businesses. Once you visit their business website, it will be very easy for you to read more about the copper gutters they are selling. Important information about them such as their company address, contact details, and price rates can also be found on their websites.

If you want to save money when shopping for copper gutters, you have to shop online. Because online merchants and manufacturers do not need to hire salespeople, cashiers, security guards, etc., they can easily afford to offer their customers promos and discounts for the copper gutters they are selling. Make it a habit to always ask the merchant if he is offering any promos or discounts whenever you shop on the internet. This way, you will get high quality copper gutters for the lowest possible price.

Another good reason as to why you should shop for your copper gutters online is because of the convenience factor. Because most if not all of us now have computers or mobile phones with good internet connection, we can now shop for copper gutters without leaving the comfort of our own home. Aside from this, it is also very easy to find online merchants and manufacturers that are willing to offer 24 hour delivery services. After you pay for your copper gutters, you have the choice to get them delivered straight to your doorstep.

Natural stones like marble are famous for adding a sophisticated touch to homes and buildings, and its excellent appearance, superior natural characteristics, and ease of installation and maintenance make it a preferred material for use in floors, wall coverings, table tops, vanity tops, tub decks and bathroom walls and showers.

These types of materials are available in a wide variety of colors, designs and patterns. Since this is a natural stone, homeowners should allow for some minor variations in color among the different tile variants.

Effective Materials For Keeping Away Bacteria

Marble floor tiles are famous for being very conducive in keeping particular areas of the home free from the infestation of allergens and pathogens, because it has an ability of being able to keep microscopic particles from thriving and finding living space on the surface. These tile variants make it hard for bacteria and microscopic germs to live in it, which makes it xplains why it is relatively easy to clean. For daily maintenance, all you need is a clean cloth and permitted detergent, for your tiles to look as good as new.

These floors are also renowned for providing a cool, relaxing walking surface, particularly in the areas of the house that are generally hot and humid. This is because these materials are able to retain the cold temperature of its surroundings. In addition, these tiles do not need as much cleaning, because for one, is resistant to moisture, and also shines naturally, which does not necessitate daily waxing.

Affordable Elegance In Homes

Marble flooring producers and dealers often use terms like “understated,” “elegant”, “refined”, and “modern affordability” to describe their product, and these words surely possess all those aspects. This natural stone requires little care and maintenance. It ages beautifully and is able to withstand heavy use and traffic.

However, some measures need to be taken to preserve the beauty of these tiles in your home: Use trivets under hot pots, kettles and pans, as materials like ceramics and china are likely to etch these surfaces.

Certain types of food and drinks contain acids, like citrus, tomato, etc, and these can dull the marble’s surface. In effectively cleaning these floors, use a dry dust mop and try to minimize the amount of sand, dirt, and debris that reside or come into contact with these tiles. In cleaning a bath or shower with marble tiles, utilize a non-acidic detergent or solution consisting of ammonia and water.

With minimal daily cleaning and long-term upkeep, these flooring materials in your home are sure to provide years of elegance and affordable functionality. The two most popular tiles for homes are marble and granite. However, both these materials are quite expensive but they make the home or building look grander and more alluring. In addition, real estate agents find it easier to sell homes with marble and granite tiles for a lot more money.

The positive aspect of using these materials for flooring, is that they are very durable and resistant to …

There are many houses out there that are not build on solid ground and this can be really bad as well as very dangerous. Houses build on not so sturdy ground must always be checked up to see if the foundation is still strong or if it needs repair or adjusting. Many people can not really tell weather their house still has a good foundation and if you are not sure, you should really just have regular check ups because anything can happen so it is better to just make sure. Hire an expert at leveling and repairing house foundations because it is really hard to do this all on your own. Let us look at some of the benefits of hiring a foundation repair service.

When it comes to hiring a house leveling service or a foundation repair service, you can be sure that these service are very professional in how they do things. They have been studying for years and years on how to be a good foundation repair or house leveling service so you can really trust them. You may not know how to level your house if it is not leveled anymore but you do not have to do it on your own because you can just hire a service to do it for you. Having the right knowledge to do foundation repairs is very important and you can rest assure that these services have all the knowledge. If you hire these service, you can get a whole lot of wonderful benefits so hire one today if your house is not sturdy and leveled anymore.

Another thing why you should really go out of your way to hire these foundation repair service is because they really have all the equipment needed to get the job done. When you have foundation work or leveling work to be done, you should really look for the right tools and the right equipment to really get the job done right. If you do not have these foundation repair equipment, you should really get them because they can really help you with fixing and repairing your foundations. The nice thing about hiring these house leveling services and these foundation repair services is that they come to your with all the equipment and all the tools that they will need in order to really repair your foundation. The next time your house seems shaky and not stable anymore, you should really hire these house leveling service or foundation repair services because they can really help you and fix your foundation.

The term short sale has been brought up more and more in the real estate world as the property market has corrected to a more sustainable growth level. Depreciation of home values ​​over the last few years has led to homes that are worth less than the mortgages that were used to finance the purchase. This situation coupled with a nationwide recession that has created the need for people to sell their homes permanently being "underwater" has led to the recent popularity of short sales.

What Is an Underwater Loan?

A home loan or mortgage that is higher than the actual value of the home is said to be underwater. Over the last few years this situation has become a common occurrence as homeowners who bought at the peak of housing prices with little or no money down have seen their property values ​​decrease, sometimes dramatically. They began with a $ 300,000 loan on a home that appraised around that value, and now their mortgage amount is around the same, but that same house appraises for less than $ 250,000.

With the rise in unemployment, many homeowners who have found themselves in this difficult situation have been forced to sell their home because they can no longer afford the mortgage. The problem that occurs is that even if the homeowner sold their home for $ 250,000, they would still owe the bank the additional $ 50,000, which holds up the sales process. This hurts everyone involved because the original owners can not pay the mortgage, so they default on the loan. The new buyers who are excited about the home are not allowed to buy it at the new market price. Finally, the bank that holds the mortgage will not let the original owner sell, does not receive a payment each month for the mortgage, and must now go through an expensive and time consuming foreclosure process to get possession of a home they will only be able To sell for less anyways.

Buying and Selling a Home with a Short Sale

This is where short sale comes into play. In a short sale the original homeowner who is underwater will get an agreement from the bank to complete a short sale and put their home on the market at the current local price. When a buyer decides to purchase the home, the bank agreements to let the sale take place and take a loss on the original mortgage. Ultimately, this type of legal settlement allows the homeowner and bank to avoid a costly and credit damaging foreclosure process. The owner will still take a hit on their credit score and the bank will lose some money on the transaction, but the overall solution is much better than foreclosing on the home.

Foreclosures and Short Sales

Short sales are becoming more common with our current correction in home prices and high unemployment, but many bands still make the process very difficult for the owners because they do not want to …

There are times when co-owners of Hawaii real property are engaged in a dispute and no longer wish to continue co-ownership of such property, or one party is no longer making payments on the mortgage and the paying party wants to remove the non-paying party from title. The question that usually follows is what are the co-owners’ options if they wish to sever such relationship.

In the event that there is no prior written agreement among the co-owners setting forth each owner’s obligations and the procedures for resolving disputes, the co-owners are basically left with two options:

The co-owners should first try to resolve their differences and come to some compromise. By reaching such a compromise, the co-owners would not need a Hawaii partition action which can be a very costly process. However, if seeking such an agreement proves to be a dead end, then a Hawaii partition action is necessary.

In a Hawaii partition action, one or more of the owners files a lawsuit against the remaining owner(s). The filing party is also required to join as a party every person having or claiming to have any legal or equitable right, title, or interest in the property described in the lawsuit.

Once a Hawaii partition action is filed, the court has the jurisdiction to partition the real property by (1) partition in kind or (2) partition by sale. A “partition in kind” occurs when the court physically divides the property and each owner ends up controlling an individual portion of the property. A “partition by sale” is accomplished by selling the entire property at a public auction and dividing the proceeds among the owners according to their respective interests in the property.

The courts tend to favor a partition in kind first, but if such a division is not feasible, then the court will proceed with a partition by sale. As you can see, terminating a co-ownership relationship of real property is not that simple and can be costly. Therefore, you should seek consultation with a Hawaii attorney experienced in resolving co-ownership disputes of Hawaii real property.

LOGAN RESERVE, Australia — Buyer interest in Villa World’s 726-lot Killara residential community at Logan Reserve is on the rise following the opening of the long-awaited sales centre.

The major new development, located on Chambers Flat Road, has benefitted from completion of roadworks giving homebuyers easy access to the site and their first close-up view of Killara.

Villa World, a national property developer with more than 30 years’ experience in delivering award-winning residential communities and headquartered online at villaworld.com.au, has been encouraged by the strength of buyer activity at Killara since December.

“With plans to implement a full marketing campaign over the coming weeks, and the sales centre now open, we believe that sales and enquiry will increase significantly,” said Villa World’s general manager of operations Michael Vinodolac. “So far, feedback from the public and builder partners has been extremely positive due to Killara’s excellent location, sense of connectivity and affordability.”

Killara, located in a bushland setting on Chambers Flat Road, has already sold 10 lots with a further seven contracts issued, and 21 expressions of interest received.

The first stage of the Killara development is selling from $178,000 with lots ranging from 301sqm to 587sqm.

The master plan includes 726 home sites, featuring five boutique precincts to suit families at varying stages in life.

The community is close to a range of public and private primary and secondary schools including Canterbury College and St Philomena School.

A new report by Domain has revealed the value of being close to schools, with Logan Reserve Primary School ranked as the country’s second best catchment zone for property price growth.

Domain has found median property prices in the Logan Reserve State School catchment area surged 40 per cent in the past 12 months. It was the only Queensland school in Domain’s national top 10.

The current buyer demographic at Killara is predominantly first-home buyers and young families looking to upgrade into a new home.

“Killara is a fast-growing region that is proving popular for buyers seeking affordable homes,” said Mr. Vinodolac.

The City of Logan’s population is expected to grow by approximately 200,000 over the next 20 years, or almost double the existing population of more than 300,000.

“This is a strong growth region that, while affordable, benefits from its proximity to major employment opportunities in both Brisbane and the Gold Coast,” said Mr Vinodolac.

Villa World has stepped up its interest in the City of Logan with last year’s acquisition of 1,500 housing lots at Greenbank. This followed the sellout of The Sanctuary, an 81-home development within the award-winning Woodlands masterplanned community.

The Killara sales centre is open between 10am and 5pm daily.

For more information about Killara, visit villaworld.com.au/killara or call 1800 874 993. To learn more about other Villa World communities, visit the company’s website at